Computer Aided Engineering Market Size, Share And Trends Analysis By Component (Software, Services), By Deployment Model, By End-use, By Region, And Segment Forecasts, 2024 - 2030

Research Methodology

A three-pronged approach was followed for deducing the computer aided engineering market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for computer aided engineering market to gather the most reliable and current information possible.

• We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
• We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
• We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
• We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
• We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of computer aided engineering market data depending on the type of information we’re trying to uncover in our research.

• Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

• Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

• Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

• Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

• Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

• Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

• This step also entails the finalization of the report scope and data representation pattern.

• Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Computer Aided Engineering Market Categorization:

The computer aided engineering market was categorized into four segments, namely component (Software, Services), deployment model (On-premise, Cloud-based), end-use (Automotive, Defense & aerospace, Electronics, Medical devices, Industrial equipment), and region (North America, Europe, Asia Pacific, South America, and Middle East and Africa)

Segment Market Methodology:

The computer aided engineering market was segmented into component, deployment model, end-use, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

• Demand estimation of each product across countries/regions summed up to from the total market.

• Variable analysis for demand forecast.

• Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

• Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

• Used extensively for new product forecasting or analyzing penetration levels.

• Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

• Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

• This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The computer aided engineering market was analyzed at a regional level. The globe was divided into North America, Europe, Asia Pacific, South America, and Middle East and Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into eighteen countries, namely, the U.S.; Canada; Mexico; the UK; Germany; France; Italy; Spain; Russia; China; India; Japan; Singapore; South Korea; Brazil; KSA; UAE; South Africa.

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Computer aided engineering market companies & financials:

The computer aided engineering market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

• Ansys, Inc. - Ansys, Inc., a company headquartered in the United States, specializes in developing and marketing engineering simulation software. They utilize Workbench to create their simulation technologies. The corporation offers various software solutions, including 3D design software, electromagnetic field simulation, embedded software, computational fluid dynamics, optical simulation, semiconductors, structural analysis, and systems modeling, simulation, and validation. Ansys, Inc. Provides consulting and training services as well. Their clientele spans multiple industries and verticals such as automotive, industrial equipment and rotating machinery, materials & chemical processing, aerospace & defense, construction, consumer goods, and healthcare. Ansys, Inc. It is publicly traded on the NASDAQ Stock Market under the symbol NASDAQ: ANSS and has a broad geographic presence in North America, Europe, Asia Pacific, and MEA.

• Altair Engineering Inc. - Altair Engineering Inc. is an American company that specializes in providing engineering software at an enterprise level. The company offers a variety of products and services under different brand names, such as HyperWorks, solidThinking, PBS Works, and SmartWorks. Altair provides a wide range of services, including product engineering, industrial design, and customized solutions. The business also offers cloud-based solutions for businesses. Altair Engineering Inc. serves various industries, including aerospace, automotive and transportation, electronics, energy, heavy industry, architecture, engineering and construction, consumer products, life sciences, and marine and shipbuilding. The company has an extensive global presence, covering North America, Europe, Asia Pacific, Oceania, South America, and the Middle East and Africa. Altair's software solutions are resold by channel partners such as A R Technologies of India and AIREX Industries Corp. of Taiwan. The company has two reportable segments: client engineering services and software. The software segment includes the company's software, software-related services, and software services.

• Autodesk, Inc. - Autodesk, Inc. is an American company that provides design software and services to a variety of industries, such as engineering, architecture, manufacturing, construction, and media & entertainment. The company's operations are focused on one business segment, the AEC segment, which provides a range of high-quality design tools, including Autodesk building design suite, Autodesk Revit, the Autodesk infrastructure design suites, AutoCAD civil 3D, AutoCAD map 3D, in addition to the Autodesk product design suites, Autodesk inventor, AutoCAD Mechanical, and Autodesk Moldflow. Autodesk, Inc. offers flexible product licenses to accommodate the diverse needs of its customers and expand its customer base. It is a publicly-traded company listed on the NASDAQ Stock Market under the ticker symbol NASDAQ: ADSK. With its exceptional design software and services, the company has a wide geographic presence spanning different regions across the globe, including the Americas, Europe, Asia Pacific, and Middle East & Africa, to cater to its customers' needs.

• Bentley Systems, Inc. - Bentley Systems, Inc. is a US-based company that creates, licenses, and sells computer software for infrastructure construction, design, and operations. The business offers a range of products that include asset lifecycle information management, bridge analysis, asset reliability, building design, hydraulics & hydrology, modeling & visualization, mine design, operational analytics, plant design, reality modeling, project delivery, among others. Bentley Systems has developed several major software product lines such as ProjectWise, MicroStation, and AssetWise, and markets them under different brands, including AECOsim, ConstructSim, AssetWise, AutoPIPE, AutoPLANT, AXSYS, Communications, and LEAP. The company also provides managed services and professional services. Bentley Systems has established a significant global presence, with operations spanning across North America, South America, Europe, Asia Pacific, and MEA.

• Dassault Systemes - Dassault Systemes is a company that creates software for 3D digital mock-ups, 3D design, and product lifecycle management. The company provides a range of products and services, such as ENOVIA, CATIA, 3DEXCITE, SOLIDWORKS, DELMIA, GEOVIA, BIOVIA, SIMULIA, 3DVIA, EXALEAD, and NETVIBES. Its primary customers are in the industries of aerospace & defense, industrial equipment, energy, process & utilities, consumer goods, retail, life sciences, marine & offshore, and transportation & mobility. Besides, they provide training services that include classes & course catalogs, certification programs, e-learning, and customized services. Dassault Systemes is a company that creates software for product lifecycle management, 3D design, and digital mock-ups. They offer a range of products and services, including CATIA, ENOVIA, SOLIDWORKS, 3DEXCITE, BIOVIA, DELMIA, GEOVIA, SIMULIA, EXALEAD, and NETVIBES. Their offerings cater to several industries such as aerospace & defense, consumer goods, energy, industrial equipment, life sciences, marine & offshore, process & utilities, retail, transportation & mobility, and other industry verticals. The company also provides training services including tailored services, certification programs, classes & course catalogs, and e-learning.

• ESI Group - ESI Group is a French company that provides virtual prototyping software, including virtual manufacturing, virtual integration platform, virtual reality, virtual performance, virtual environment, data analytics, cloud solutions, and system modeling. The company's operations consist of two business segments, namely licensing activity and services activity. The licensing activity involves marketing and licensing software packages based on an annual fee system, while the services activity provides consulting services related to virtual prototyping. ESI Group caters to various industries and verticals such as aerospace & defense, energy & power, ground transportation, heavy industry & machinery, marine, and electronics & consumer goods. The business has a wide geographic existence in the Americas, Europe, Asia Pacific, and Oceania.

• MSC Software Corporation - MSC Software Corporation is a simulation software developer that is owned by Hexagon AB. They specialize in creating and developing software products such as MSC APEX, ACTRAN, ADAMS, CFD SOLUTIONS, DIGIMAT, EASY5, MARC, SIMUFACT, DYTRAN, MSC FATIGUE, MSC NASTRAN, SINDA, PATRAN, SIMXPERT, SIMMANAGER, and SIMDESIGNER. These products are designed to cater to a wide range of industries and verticals such as automotive, aerospace, defense, consumer products, machinery, heavy equipment, energy, electronics, rail, packaging, motorsports, medical, and shipbuilding. The business endorses its products through partners located in different regions such as the Americas, Europe, Asia Pacific, and the Middle East & Africa. They have various technology partners such as Cray Inc., Intel Corporation, Oracle Corporation, and NVIDIA Corporation.

• Siemens Group - Siemens Group consists of Siemens AG as the parent company and its subsidiaries and operates in various locations around the world, including production facilities, sales offices, distribution centers, and R&D centers. The company has numerous divisions, including gas & power, energy management, wind power & renewable, mobility, digital factory, process industries, building technology, power generation services, healthcare, and financial services. Under the digital factory business division, Siemens AG offers CAE software as part of its product lifecycle management software segment. The CAE software portfolio includes Simcenter 3D, NX Nastran, STAR-CCM+, LMS Virtual Lab, LMS Samtech, HEEDS, Femap, and Solid Edge Simulation. Siemens Group has a significant presence in the Americas, Asia Pacific, Europe, and Middle East & Africa, and in September 2016, acquired CD-adapco of the U.S., thus expanding its industrial software portfolio.

• The MathWorks, Inc. - MathWorks, Inc. is known primarily for MATLAB, a programming environment and language that is extensively used in scientific, engineering, and industrial applications. Simulink, another product of the company, is a graphical programming environment that is designed for modeling, simulating, and analyzing dynamic systems. MathWorks serves a diverse customer base of engineers, scientists, and researchers from diverse industries such as aerospace, automotive, electronics, robotics, and finance. The software tools provided by MathWorks allow users to address complicated computational encounters, optimize algorithms, and develop innovative solutions. To help users maximize the potential of MATLAB and Simulink in their work, the company offers comprehensive support services such as training and consulting. MathWorks also fosters an active online community where MATLAB enthusiasts can access resources, participate in forums, and collaborate.

• Rockwell Automation - Rockwell Automation is an expert in providing a wide range of power, control, and information systems for industrial automation. The company offers a vast array of products and services, including consultancy management, connected components, front-end engineering and design, midrange architecture systems, on-machine solutions, engineered packages, and panel integration, and manufacturing intelligence. Rockwell Automation provides solutions for several industry verticals such as automotive, aerospace, chemical, entertainment, household & personal care, food & beverage, infrastructure, marine, metals, mining, oil & gas, power generation, print & publishing, pulp & paper, semiconductor, and life sciences. The company operates through three different segments, namely software & control, intelligent devices, and lifecycle services. The software & control segment provides visualization & control hardware and software, security & network infrastructure, and information software. Additionally, Rockwell Automation offers several solutions like discrete control, machine and equipment builders, process solutions, safety solutions, motion solutions, connected and maintenance services, sustainable production, and migration solutions.

Value chain-based sizing & forecasting

Supply Side Estimates

• Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

• Segment revenue determination via variable analysis and penetration modeling.

• Competitive benchmarking to identify market leaders and their collective revenue shares.

• Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

• Identifying parent markets and ancillary markets

• Segment penetration analysis to obtain pertinent

• revenue/volume

• Heuristic forecasting with the help of subject matter experts

• Forecasting via variable analysis

Computer Aided Engineering Market Report Objectives:

• Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

• Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

• Understanding market estimates and forecasts (with the base year as 2023, historic information from 2017 to 2023, and forecast from 2024 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Computer Aided Engineering Market Report Assumptions:

• The report provides market value for the base year 2023 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

• The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

• We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

• All market estimates and forecasts have been validated through primary interviews with the key industry participants.

• Inflation has not been accounted for to estimate and forecast the market.

• Numbers may not add up due to rounding off.

• Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

• Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

• Latin America includes Central American countries and the South American continent

• Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

• Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

• Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.